Property Overview

This two-storey home at 526 Henderson Highway is defined by its generous scale and substantial lot. Its primary appeal lies in offering significantly more space—both indoors and out—than is typical for the area. With 2,293 sqft of living space, it ranks in the top 8% of homes on its street and the top 5% within the broader Kildonan Drive area. The nearly 17,300 sqft lot is a major feature, placing it in the elite top 3% of the neighborhood and top 2% citywide, offering rare potential for privacy, gardening, or expansion.

Built in 1951, the home presents a solid, well-located canvas. The basement exists but is noted as not renovated, suggesting an opportunity for customization. There is no garage or pool. The property last sold in September 2021 for an estimated $56.5k-$59.5k and currently holds an assessed value of $62.6k, which ranks well above local averages.

This property would best suit a buyer who prioritizes land size and interior square footage over turn-key condition. It’s ideal for someone with a vision for updates or additions, looking for a long-term family home with room to grow, or who values the potential that a large, established lot in a mature neighborhood provides. Its value proposition is rooted in space and possibility rather than modern finishes.

Frequently Asked Questions

1. What does "basement not renovated" typically mean for a home of this era?
It generally indicates the lower level is functional but retains its original or older finishes, such as concrete floors, wood paneling, or dated ceilings. It’s a space with utility (laundry, storage) but awaits modernization to become a fully finished living area.

2. The assessed value seems low compared to the living area and lot size. Why is that?
Assessed value for municipal tax purposes often reflects a formula that considers age, condition, and recent sales, not just size. The unrenovated state and specific location on a busy highway (Henderson Highway) are likely significant factors keeping the official assessment lower than the potential market value based on its sheer land and floor space.

3. How might the location on Henderson Highway impact daily living?
While providing excellent connectivity, it means dealing with consistent traffic noise and less inherent street privacy. The appeal here shifts from a quiet cul-de-sac to one of high convenience, with the trade-off being a busier frontage. The deep lot helps mitigate this by distancing the living spaces from the road.

4. With no garage, what are the parking options?
You would be reliant on a driveway. Given the exceptionally large lot, there is a strong potential to add a garage or carport, subject to local zoning and permit approvals, which could be a valuable future investment.

5. The lot is very large. Are there any restrictions on what can be done with it?
This is a key question. While it offers fantastic potential, any plans for subdividing the lot, building a secondary suite, adding significant structures, or even major landscaping will require checking with the City of Winnipeg’s zoning bylaws and planning department to understand permissible uses.